Despite the lucrative summer holiday travel season, SIA reported a rise of just 2 per cent in revenue to S$4.8 billion for the second quarter compared with a year ago. - ST FILE
SINGAPORE: Singapore Airlines (SIA) has signalled that it expects pressure from rising competition to continue despite “robust” demand for air travel.
The warning came as the airline reported a substantial fall in profit for the second quarter of its financial year owing to a gap between passenger traffic and newly deployed capacity, as well as rising costs.
